Cornerstone Wealth Management LLC Increases Stock Position in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

by · The Cerbat Gem

Cornerstone Wealth Management LLC increased its stake in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ – Free Report) by 15.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,037 shares of the company’s stock after purchasing an additional 9,387 shares during the quarter. Cornerstone Wealth Management LLC owned 0.16% of Invesco S&P MidCap Quality ETF worth $7,287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. NBC Securities Inc. purchased a new stake in Invesco S&P MidCap Quality ETF during the 3rd quarter worth about $31,000. Cape Investment Advisory Inc. acquired a new stake in Invesco S&P MidCap Quality ETF during the 1st quarter valued at $32,000. International Assets Investment Management LLC purchased a new position in Invesco S&P MidCap Quality ETF in the second quarter valued at about $54,000. Glassman Wealth Services acquired a new stake in shares of Invesco S&P MidCap Quality ETF during the first quarter worth approximately $56,000. Finally, CWM LLC grew its holdings in Invesco S&P MidCap Quality ETF by 20.3% during the 2nd quarter. CWM LLC now owns 712 shares of the company’s stock worth $69,000 after acquiring an additional 120 shares in the last quarter.

Invesco S&P MidCap Quality ETF Price Performance

XMHQ stock opened at $104.73 on Thursday. The firm has a fifty day moving average price of $100.16 and a two-hundred day moving average price of $101.98. Invesco S&P MidCap Quality ETF has a 1-year low of $75.29 and a 1-year high of $110.61. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 16.29 and a beta of 1.15.

Invesco S&P MidCap Quality ETF Profile

(Free Report)

The Invesco S&P MidCap Quality ETF (XMHQ) is an exchange-traded fund that is based on the S&P MidCap 400 Quality index. The fund tracks the S&P mid-cap 400 Quality Index, which screens stocks based on fundamental factors and weights them using a multi-factor approach. XMHQ was launched on Dec 1, 2006 and is managed by Invesco.

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